Market Synopsis of Benzodiazepine Market:
Benzodiazepines (BZD) are a class of psychoactive medications with calming, entrancing (rest inciting), hostile to nervousness, anticonvulsant, and muscle relaxant properties. Benzodiazepines (BZD) are helpful in treating uneasiness, sleep deprivation, fomentation, seizures, muscle fits and liquor withdrawal indications.
The endorsing of BZD’s in general had reduced enormously since their prime of the 1970s. After the late 1980s, the underlying decrease of BZD’s was additionally hurried by the ascent of the Selective Serotonin Reuptake Inhibitors (SSRIs) and the move of psychiatry from uneasiness to dejection. However the tide handed over support of BZD’s by the year 2000.
In the vicinity of 2005 and 2008, 11% of all Americans beyond 12 a years old a hostile to tension drug. This alongside the advancement of Xanax and the consideration of against nervousness pharmaceutical in social insurance programs in the U.S. has prompted recovery of benzodiazepines. Other calculate support of BZD’s is the powerless pipeline of novel hostile to uneasiness drugs and drowsy development of 2.5 % CAGR all in all tension issue advertise.
The BZD are substantiating themselves as a center ground when contrasted with different medications, which has put them in great positions at the end of the day, though in a declining market. Unless there is revelation of more up to date more secure option medicates the BZD’s are digging in for the long haul as they have lesser symptoms when contrasted with barbiturates and the absence of adequacy and late onset of activity of Selective Serotonin Reuptake Inhibitor (SSRI’s).
Thus taking all these factors together, we expect the Benzodiazepine market to grow at a CAGR of 1.5% to 2.3% by 2022. The International Narcotics Control Board (INCB) reported that Italy (32 %), India (19 %), China (11 %) and Germany (10 %) were the leading manufacturers between 1997 and 2006.
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Global Benzodiazepine market has been segmented on the basis of applications (anxiety, insomnia, agitation, seizures, muscle spasms and alcohol withdrawal symptoms and as anesthesia supplements. On the basis of time of action the market is segmented into long acting and short acting Benzodiazepines.
Key Players for Global Benzodiazepine Market:
Some of the key players of this market are AstraZeneca plc, Eli Lilly and Company, Forest Laboratories, Inc., GlaxoSmithKline plc, H. Lundbeck A/S, Johnson & Johnson, Merck & Co., Inc., Pfizer, Inc. and Sanofi S.A.
- Benzodiazepine manufacturers
- Benzodiazepine suppliers
- Private Research Laboratories
- Research and Development (R&D) Companies
- Market Research and Consulting Service Providers
- Government Research Laboratories
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Regional Analysis of Global Benzodiazepine Market:
Globally North America is the largest market for Benzodiazepine. The North American market for Benzodiazepine is expected to reach at USD 2.4 billion by the end of the forecast period of 2016-2022. Europe is the second-largest market for Benzodiazepine. Asia pacific region is expected to be fastest growing region in Benzodiazepine market.
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